April 19, 2013
In honor of Earth Day later this month, we are sharing this photo from the U.S. Millennium Challenge Corporation (MCC) of an abundant evening market in Msimba, Tanzania, powered by solar lights, which enables members of the community to shop and sell their goods after the workday is over. The Millennium Challenge Corporation is investing in improving the reliability of Read more…
March 22, 2013 Friday, March 22 is the United Nations World Water Day, held annually to raise awareness of the importance of fresh water and advocate for the sustainable management of freshwater resources. Each year a specific aspect of water management is highlighted. In 2013, in reflection of the International Year of Water Cooperation, World Water Day is dedicated to the theme of Read more…
March 15, 2013
The 10 megawatt Bhandardara Power House hydro plant in India’s Maharashtra State, was rehabilitated and reopened in 2001 by DLZ Corp., of Columbus, Ohio with the support of a $5 million loan. The plant, which was originally built by the local Maharashtra government, had been rendered inoperative after a fire in 1996. DLZ, a civil engineering company, is one of Read more…
March 05, 2013 OPIC’s support of U.S. private investment extends around the globe to 160 developing and post-conflict countries. As the U.S. government’s development finance institution, OPIC catalyzes revenues, jobs and growth opportunities from Europe to the Middle East, as well as Africa to Asia and Latin America. We are often asked to talk about our projects, which cover a wide range Read more…
December 14, 2012
Earlier this week, OPIC reported strong financial results for Fiscal Year 2012, including net income of $272 million, and a 30 percent increase in financial commitments to American businesses investing in emerging markets abroad. The fact that these results were achieved with a full-time staff of just 220 underscores the efficiency of OPIC’s operation. The agency’s profit-per-employee in 2012 worked Read more…
August 17, 2012
Housing construction at the site of Broad Cove Ecohomes, Liberia outside of Monrovia. Broad Cove is using an OPIC loan to build moderately-priced houses in a region where affordable housing is virtually nonexistent. Broad Cove is using renewable and locally-sourced materials including bricks made from compressed earth and cement which will keep the houses naturally cool.
July 06, 2012
A Bel Papyrus Ltd. paper manufacturing plant in Lagos, Nigeria, one of the few plants in the country where paper is recycled. OPIC is providing financing in a deal to expand a new production line that will double the plant’s capacity and significantly expand its ability to produce paper from recycled materials. Used paper is sorted, shredded and baled before Read more…
June 05, 2012
By: Mitchell L. Strauss, Special Advisor Socially Responsible Finance Investors are increasingly talking about “Impact Investing,” but the practice is not new to OPIC, which has a 40-year history of transforming private capital into solutions for common social and environmental challenges around the world. This Q&A explains the concept of Impact Investing, and why it offers the potential for such strong Read more…
March 29, 2012 We frequently share the important pieces of journalism we find on our Facebook and Twitter feeds. Starting this month, we will also begin recapping on our blog some of the stories we consider most important to helping solve critical development challenges. This month there has been increased discussion over ways to encourage more economic development in Afghanistan in order to Read more…
August 05, 2011
John Morton, Vice President of Investment Policy at OPIC recently spoke at the Asia Clean Energy Forum, where he described the worldwide transition to cleaner forms of energy as “perhaps the most predictable economic transformation in modern history.” Here Morton details the environmental, economic and social benefits of renewable energy and discusses OPIC’s efforts to expand its presence in the Read more…
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